This seems to be a decent arrangement for the time being due to its low cost but I would not be taking on 400k+ debt to try and turn over rooms in a dorm-style house. 

Each one is just a pay-per-booking arrangement and they all sync each other's calendars, so it's easy to set and forget.

Louis area... including one I arrange for the last Thursday of every month!

Arturo Borges assuming your doing a single asset LLC and not blind pool arrangement.

I like those kind of arrangements. 

Under the final Guideline, federally regulated financial institutions must establish and adhere to appropriate LTV ratio limits that are reflective of risk and are updated as housing markets and the economic environment evolve.OSFI is placing restrictions on certain lending arrangements that are designed, or appear designed to circumvent LTV limits.

Are there any verbal agreements or arrangements between the current Landlord and Tenant?

That's their business model...they bring deals and capital together and there is a cost for that service (and the property pays for it...doesn't matter if it's the sponsor or investor, it's both in the end).On your other question, there are investment clubs that provide different levels of participation (passive or mentorship) and many of their members start out as passives and move into sponsorship roles. 

Arrange for police presence on that 30th day so if your brother chooses to be violent or vendictive, you have police there.It will be tempting to take it back, or give him money for his new place, or help him with whatever sob story he comes to you with during that 30 days (and he will come to you with MANY sob stories of how YOU are holding HIM down because you won't give him the money he needs etc. 

As in - was there a partnership arrangement or a lending arrangement.Capital gain only applies to rental properties or properties held for appreciation.Opportunities for tax savings may or may not be there.